The global spine surgery robots market was valued at $75 million in 2018. Through 2026, the market is expected to experience a 17.5 percent compound annual growth rate, according to a Transparency Market Research report.
Spinal Tech
Xtant Medical, a medical technology company focused on spine disorders, appointed new senior sales leaders.
In the past year, both Stryker and Medtronic made key spine acquisitions — Stryker acquired K2M for $1.4 billion and Medtronic acquired Mazor for $1.7 billion — to give them a boost, while DePuy Synthes reported a decrease in spine…
Earlier this month, the U.S. District Court for the Southern District of California granted a stay in patent litigation proceedings between Alphatec and NuVasive, among other decisions regarding ongoing litigation.
NuVasive's premarket target price jumped up while Smith & Nephew's dropped Feb. 11, amid rumors about the companies, according to Seeking Alpha.
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In 2018, Smith & Nephew reported revenue increased 3 percent, but profits dropped after implementing a new operating model.
The FDA cleared 41 orthopedic-and spine-related devices in January.
The global medical robotic systems market is expected to top $6.5 billion by 2024, growing at a 14.5 percent compound annual growth rate, according to a Market Search Engine report.
The global spinal fusion market is predicted to exceed $1.2 billion by 2027, growing at a 5.4 percent compound annual growth rate, according to a Future Market Insights report.
Misonix released its financial results for the fiscal 2019 second quarter ended Dec. 31, 2018.